XML 57 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation expense
Stock compensation expense recorded as a component of equity consisted of the following for the years ended December 31:
 
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
Share-based compensation - employees
 
$
833,027

 
$
456,749

 
$
660,963

Share-based compensation - nonemployees
 
19,075

 
165,754

 
99,931

Total share-based compensation
 
$
852,102

 
$
622,503

 
$
760,894

Schedule of stock options activity
Stock option activity for 2016 and 2015 was as follows:
    
 
 
Number of
shares
 
Weighted-average exercise price per share
 
Weighted-
average
remaining
contractual
term (years)
 
Aggregate
intrinsic
value
 
 
 
 
 
 
 
 
 
Outstanding, December 31, 2014
 
158,356

 
$
7.62

 
0.4
 
$
2,320

Options granted
 

 

 
 
 
 
Options exercised
 
(5,652
)
 
5.75

 
 
 
 
Options forfeited or expired
 
(140,404
)
 
7.41

 
 
 
 
Outstanding, December 31, 2015
 
12,300

 
10.89

 
1.6
 

Options granted
 

 

 
 
 
 
Options exercised
 

 

 
 
 
 
Options forfeited or expired
 
(6,500
)
 
9.00

 
 
 
 
Outstanding, December 31, 2016
 
5,800

 
13.00

 
1.9
 
$

Exercisable at December 31, 2016
 
5,800

 
$
13.00

 
1.9
 
$

Schedule of stock options activity, additional disclosures
Information related to the stock option plans during 2016, 2015 and 2014 was as follows:
 
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
Intrinsic value of options exercised
 
$

 
$
3,875

 
$

Weighted-average fair value of
options exercised
 
$

 
$
3.26

 
$

Schedule of restricted stock activity
Restricted stock activity was as follows:
 
 
Number
of shares
 
Weighted-
average
grant-date
fair value
 
 
 
 
 
Nonvested, December 31, 2014
 
692,837

 
$
4.92

Shares granted
 
225,661

 
6.72

Shares vested
 
(81,270
)
 
5.22

Shares forfeited
 
(97,179
)
 
5.49

Nonvested, December 31, 2015
 
740,049

 
5.36

Shares granted
 
228,425

 
4.36

Shares vested
 
(223,987
)
 
5.28

Shares forfeited
 
(41,192
)
 
4.23

Nonvested, December 31, 2016
 
703,295

 
5.13